Forex Trend Analysis Report
Prepared for you on Sunday, October 22, 2017.
US Dollar/Somali Shilling (FOREX:USDSOS)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDSOS
The long term trend has been UP since Oct 11th, 2017 at 589.00
The intermediate term trend has been DOWN since Oct 11th, 2017 at 578.26
The short term trend has been DOWN since Oct 11th, 2017 at 578.26
Smart Scan Analysis for USDSOS
Based on a pre-defined weighted trend formula for chart analysis, USDSOS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).